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20130129
20130206
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'll get to the second topic. news today about the economy that was surprised a lot of economists. they weren't expecting for the economy to actually slink. contracted in -- actually shrank, contracted in the fourth quarter. >> eric: everybody says everything is great, obama recovery is great. see the line right there? it should be negative. it is below the line. economy shrank by one-tenth of 1% catching people by surpris surprise. >> dana: caught people from surprise? >> eric: everyone. everyone. everyone. everyone said wait a minute, we're moving. it wasn't 3.1% growth like the third quarter was. we thought it would be in the 1.5-2% growth, but growth none. first time in 3-1/2 years. we have spent $5.8 trillion, negative growth. >> greg: this is great, though. this is all part of president obama's immigration plan. shrink the economy, people leave. genius. >> dana: do you think it's weird that the white house blamed the republicans today faz they have nothing to do -- >> bob: i think, i think the serious blame goes to sandy more than anything else. i don't think i would - -- >>
is at your door right now. >> dana: we'll get to the second topic. news today about the economy that was surprised a lot of economists. they weren't expecting for the economy to actually slink. contracted in -- actually shrank contracted in the fourth quarter. >> eric: everybody says everything is great obama recovery is great. see the line right there? it should be negative. it is below the line. economy shrank by one-tenth of 1% catching people by surprise surprise. >> dana: caught people from surprise? >> eric: everyone. everyone. everyone. everyone said wait a minute, we're moving. it wasn't 3.1% growth like the third quarter was. we thought it would be in the 1.5-2% growth, but growth none. first time in 3-1/2 years. we have spent $5.8 trillion, negative growth. >> greg: this is great though. this is all part of president obama's immigration plan. shrink the economy people leave. genius. >> dana: do you think it's weird that the white house blamed the republicans today faz they have nothing
work in national security or education or clean energy, not to mention the growth of the entire economy should be in jeopardy because folks in washington couldn't come together. >> all right, the cbo estimated today in the fiscal 2013 budget $850 billion will be the deficit and we looked at the charts. people will argue, probably the man here, that it's going to be down in the long term because of increased revenues, economic growth, sequester, higher taxes. but kimberly, if you look to 2013, it shoots back up. how can the president hold a press conference when he talks about cuts using the word smaller. >> there's so much shrinkage. the problem is the middle class is the working poor. that's what's the norm. people are so used to it now they don't realize it should be fixed. we could focus on cutting back on spending, thinking about how to stimulate jobs and the economy. we're so used to the stagnation, it's become acceptable and people aren't critical enough to say there's a better way to do this and a smarter financial way to make sense. >> is this the new normal? before we get to th
. this has new unemployment numbers are due out tomorrow. we begin a new series on a new economy to tell you about a place where jobs are plentiful and starting pay is great and training is free. "special report" from washington starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ ♪ ♪ >> dana: remember when president obama said this in 2011 -- >> keeping the economy going and making sure jobs are available is the first thing i think about when i wake up in the morning and the last thing i think about when i go to bed each night. i will not be satisfied until every american who wants a good job can find one and every american gets a shot at the american dream. >> dana: then we woke up this morning to learn the white house shut down the jobs council that got all sorts of praise at the time and it only met four times in the last two years. so, eric, do you think the economy is at a point now we can abandon this great idea that was the jobs council? >> eric: you know, i'm trying to figure out is it that the job situation getting better, the economy is bette
obama said this in 2011 -- >> keeping the economy going and making sure jobs are available is the first thing i think about when i wake up in the morning and the last thing i think about when i go to bed each night. i will not be satisfied until every american who wants a good job can find one and every american gets a shot at the american dream. >> dana: then we woke up this morning to learn the white house shut down the jobs council that got all sorts of praise at the time and it only met four times in the last two years. so, eric, do you think the economy is at a point now we can abandon this great idea that was the jobs council? >> eric: you know, i'm trying to figure out is it that the job situation getting better, the economy is better or the fact that he is 11 days after inauguration and he doesn't have to worry about that stuff anymore? >> dana: they had a two-year charter, greg, when it was first created. they met four times in two years. a very rigorous schedule in washington. they had an option to renew. but after the election they decided not to. >> greg: they met as often a
. they should do the right thing for the economy and the national security. it's better than doing nothing. >> shouldn't it be coupled with entitle reform? >> bob: a couple of things here i'd say. the vast, vast majority of people work and you can see them in city. they are working. they are not near to go on the dole. obama and the senate called for them not to get the welfare grant. the other thing as dana pointed out, she did not point this out, i'll point it out. the border got more and more secure every year. it is good policy. we have to deal with this. if we turn to politics right away it doesn't happen. a great and serious loss to america. >> eric: we have to go but i disagree with everything that bob just said. >> greg: the problem here is that people are worried about the things that work sounding mean. replacing border with feelin feelings. it's easier to get in the united states than disney land. why don't we employ all the cast members on the border and we'll be safer. >> andrea: a lot of questions. the unions did enforce this plan. are they going to funneled on the membership
's too bad. our economy could use some presidential leadership right now. >> house republicans want to force the president to submit a budget that would balance in 10 years. >> they hope to pass it in march unless they come up with a deficit reduction agreement before that. it would hurt readiness maintenance and training and make it difficult for the u.s. to respond to global crises. >> it would bite hard no question. wendell, thanks. >> it's not the kind of news wall street was looking for today. stocks had the worst day of the year. the dow dropped 130 points s&p lost 17 the nasdaq lost 40. president obama turned up the volume on the gun control members today in minnesota where hunting and gun ownership is big business. in an attempt components like the nra the president took his message directly to the people. mike emanuel has the story. >> president obama went to minneapolis for what he hopes to be common sense proposals. he choose minneapolis to spotlight the steps he has taken. >> this city launched a series of youth initiatives that reduced the number of young people injured
the gdp number for the economy. it shrank for first time. slapping or shrunk? >> greg: shrank is good. >> eric: shrank for the first time. abc glossed over it. nbc didn't touch it. watch what co scott pely did. >> this number will likely be revised as more data comes in. >> eric: we had the brain room research. group of economists. big group of economists that work for the department to come up with the number. scott peley tells us it will be revised. >> bob: virtually every number out of the department gets changed. >> eric: don't worry. >> bob: so why worry people about it? >> eric: it could be changed for worst. >> bob: sandy had a lot to do with this. >> greg: why do you keep bringing up sandy duncan. >> kimberly: bad experience with an ex-girlfriend, bob? can't get sandy off the brain. this is a frost of what pelley will do. softball and episode of "60 kisses." he won't hit him hard on any of this. gdp, benghazi, nothing. >> bob: why? >> kimberly: "60 minutes" a news program, bob. >> bob: sit around and watch the super bowl. you want to hear the president -- >> kimberly: that is
. on wednesday, department put out the gdp number for the economy. it shrank for first time. slapping or shrunk? >> greg: shrank is good. >> eric: shrank for the first time. abc touch it. watch what scott pelley doesn't. ... >> a shrinking economy spells d. >> this number will likely be ... >> correct me if i'm wrong, we had the brain group research this. there's a big group of economists that worked for the department that come up with this number. scott pelley tells us he knows it's going to be right. >> every number out of that department gets changed. >> said don't worry. why worry people about it? i have been telling you this all week. >> sandy had a lot to do with this thing. >> why do you keep bringing up sandy? >> bad experience with an ex-girlfriend, bob, can't get sandy off the brain. >> this is basically forecasting what pelley is going to do another edition of 60 kisses and that's all h "e is going to get. he's not going to hit him hard on this. abc, benghazi, nothing. >> why? w >>hy? 60 minutes is a news prog. it's not entertainment tonight. >> you watch the super bowl you want to
Search Results 0 to 20 of about 21 (some duplicates have been removed)